HALISTER: Sprint 3Q Net Operating Rev. Beats Est.; Shares Rise

Sprint 3Q Net Operating Rev. Beats Est.; Shares Rise

(Bloomberg) -- Sprint 3Q net operating rev. $8.55b, est. $8.30b (range $7.97b-$8.62b)
  • 3Q postpaid net change +405,000, est. +393,000
  • 3Q wireless adj. Ebitda margin 40.3%
  • 3Q adj. Ebitda $2.5b, est. $2.3b (range $2.1b-$2.45b)
  • 3Q postpaid churn 1.67%, est. 1.60%
  • 3Q prepaid churn +5.80%
  • 3Q postpaid ARPU $49.70, est. $49.74
  • Sees FY17 adj. Ebitda $9.7b to $10b, est. $9.81b (range $7.23b- $11.9b)
  • Sees FY17 operating income $1.4b to $1.7b
  • Sees FY17 Capex $2b to $2.3b
  • Sees Year adj. Free Cash Flow Around Break-Even
  • Modified Vendor Pacts Related to Service, Repair Plan
  • In Process of Refinancing $3.3b Revolving Facility
  • Sees Modifications Adding to adj. Ebitda by $25m-$50/qtr
NOTE:
  • Shares up 1.5% from close to $9.25 on 15,100 shares traded
  • 4 buys, 16 holds, 8 sells before today
  • Call 8:30am (NY time), 866-360-1063 pw 47845527
Statement
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
S US (Sprint Corp)

People
Raul Marcelo Claure (Sprint Corp)

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